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Shell Summary for May 4, 2015

2015-05-04 21:18 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange declined a fraction to 699.12 Monday. David Danziger's capital pool shell, Aumento Capital IV Corp., completed its qualifying transaction last week by rolling back 1:2 and then acquiring Matthew von Teichman-Logischen's Life Choices Natural Food Corp. for 14,705,885 postconsolidated shares.

Aumento changed its name to GreenSpace Brands Inc. (JTR) and resumed trading today, closing at $1.36 on 29,600 shares. At first glance the company's choice of ticker symbol, JTR, appears random, but no, the company has a story. The letters stand for "Join the Revolution." This is in reference to the company's premium convenience meat products that are from grass-fed or pasture-raised meats without the use of added hormones and antibiotics. According to GreenSpace, the revolution has arrived with the company's convenience meats, milk, yogurt, butter and pet food that are sold at most major grocery stores including Loblaw, Sobeys, Metro and Safeway, and most natural food stores such as Whole Foods and Nesters. In the nine-month period ended Dec. 31, 2014, the company lost $855,242 on revenue of $2.2-million. During that period, it launched two new brands, Rolling Meadow Dairy and Holistic Choice Pet Food. GreenSpace expects Holistic Choice's revenue will increase this year, noting that it is currently the sole pet food for sale in the natural value section of Loblaw stores. While not exactly barking exciting, the company's marketers seem to have had some fun coming up with ways to entice pet food buyers, saying: "Some say if cats could speak... they wouldn't. We think they would say meow that was a good choice!" Somewhere somebody's children must be congratulating themselves.

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